### Key Components of the Script: 1. *Indicator Declaration*: - //@version=5: Specifies that the script uses version 5 of the Pine Script language, ensuring compatibility and access to the latest features. - indicator("Compact TA Tool", shorttitle="CTA Tool", overlay=true): Declares a new indicator named "Compact TA Tool" with a short title "CTA Tool." The...
**Real-time Michez Rule Recession Indicator** (idea by Pascal Michaillat and Emmanuel Saez) based on U.S. national unemployment rate and vacancy data. I added an enhanced feature (optional) that allows users to switch the **Display Mode** to **ADJUST**, providing clearer insight into how close the economy is to a recession. It can also be compared with federal...
XAUUSD sma, macd, market sentiment and CHART PATTERNS ONLY TRADING DURING NY SESSION!!
Targets 11 AM candle with 1 minute timelines Targets 11 AM candle with 3 minute timelines Targets 11 AM candle with 5 minute timelines Targets 11 AM candle with 15 minute timelines
This Pine Script strategy is designed for statistical analysis and research purposes only, not for live trading or financial decision-making. The script evaluates the relationship between financial volatility (measured by either the VIX or the High Yield Spread) and market positioning strategies (long or short) based on user-defined conditions. Specifically, it...
Key Features of This Script Parameters Short EMA Length: Set to 10 by default. Long EMA Length: Set to 50 by default. RSI Length: Set to 14 by default. Overbought/Oversold Levels: Default levels are set to 70 (overbought) and 30 (oversold). Indicator Calculations EMA Short: Calculates the short-term EMA. EMA Long: Calculates the long-term EMA. RSI: Calculates the...
The optimal moving average, with clear signals for when to buy and sell, functions effectively across all time frames and charts.
Guide: Bollinger Bands: The script uses a simple moving average (SMA) as the basis and calculates the upper and lower bands using a standard deviation multiplier. Buy Signal: Generated when the price closes below the lower Bollinger Band and is also below the basis adjusted by the ATR, indicating a potential reversal. Sell Signal: Triggered when the price closes...
The Simplified Gap Strategy leverages price gaps as a trading signal, focusing on their significance in market behavior. Gaps occur when the opening price of a security differs significantly from the previous closing price, often signaling potential continuation or reversal patterns. Key Features: Gap Threshold: This strategy requires a minimum percentage gap...
It is meant to find out chart pattern , candle stick pattern , breakout & reversal . All the best enjoy
Script compares the short-term moving average with the long-term moving average to identify whether the market is trending upward or downward. Crossover points: If the short-term average crosses above the long-term average, it signals an uptrend. If it crosses below, it signals a downtrend.
Library "thuvien" new(acaidat, thaydoi, caidatmode, caidatkieu) Parameters: acaidat (int) thaydoi (int) caidatmode (bool) caidatkieu (int) method ve(this, condition, y1, y2, src) Namespace types: xh Parameters: this (xh) condition (bool) y1 (float) y2 (float) src (float) method vemoi(this,...
1. Introduction to Volume Ratio: In China's stock market, the volume ratio is an indicator used to measure relative trading volume. It compares the average volume per minute after the market opens to the average volume per minute over the past five trading days. 2. Application of Volume Ratio: When there is a sudden surge in volume, the volume ratio chart will...
Library "volumeUtilities" generate_and_plot_volumeProfile(length, valueArea_perc, plot_vp, show_vp_labels, include_vp_levels) : Generate and plot volume profile Parameters: length (int) : (int): Length of the volume profile indicator valueArea_perc (float) : (float): Percentage of the volume that will be in the value area ...
Library "regressionUtilities" get_linear_regression(bar_index_array, prices_array, stdDev_mult) : Generates the linear regression channel for an array of values. Parameters: bar_index_array (array) : (array): Array with bar indexes prices_array (array) : (array): Array with prices stdDev_mult (float) : (float): ...
Library "dataTableUtilities" generate_dataTable(dataTable_map, title, tableYpos, tableXpos) : Generates and shows a data table. Parameters: dataTable_map (map) title (string) : (string): Title of the table tableYpos (string) : (string): Vertical position of the table tableXpos (string) : (string):...
### Purpose and Use of the Output - **Identifying Bullish Reversal**: The Morning Star pattern is a bullish reversal signal that traders look for at the end of a downtrend. When this pattern appears, it suggests that the market may be shifting from bearish to bullish sentiment. - **Trading Decisions**: Traders can use this indicator to make informed decisions...